A theme that seems to be running through your posts is the lack of confidence in your own strategy. You seem to be constantly in a battle between what your strategy is saying and what you personally think. You appear to follow your strategy up to the point when you actually enter your trade…and then shift your focus to just watching, following - and re-interpreting - what price is doing as it oscillates back and forth. This suggests a total lack of confidence that your strategy is going to perform.
You need to let go of your own contra-opinions and trust your strategy. But don’t take my word for it, here is what @Johnscott31, a profitable trader, has to say:
You wrote earlier:
That is not arrogance, it is commonsense! Look at it this way:
Your strategy is based entirely, 100%, on price information on your chart(s). And what is price based on? Nothing less than the majority action of all the other participants in the entire market
So your strategy is telling you what the majority of market participants are doing. Therefore, when you doubt your strategy, you are placing your own opinion against that of the majority. Do you really believe that you know better?
So if you believe your strategy works, then you must believe that it knows more than you do about what the market is doing - regardless of your own opinion.
Your strategy is telling you something. Although no one knows where the market is going next, is it certainly going where the majority pressure is pushing it. So your strategy can tell your four important things:
- in which dominant direction price is moving
- what is significant price movement and what is just the current “noise” (or the market breathing)
- when a move has probably run out of steam
- at what price the current scenario is nullified
You take a bus because you believe it is going to where you want to go. But if, every time it stops at a red traffic light, you jump off, cross the road, and take a bus in the opposite direction, you will never get there…
Just some thoughts along the way :D…